Seems the market had a little November blues at the start.
Today it’s expected to test the support of 10000 by absorbing the nervous sellers opting to stay in cash until the new FM and his budget is presented.
Earnings season so far has only shown very positive results and will continue with the local manufacturing sector with import protection , dollarised companies will wither the economic uncertainty… And a mere 1% increase in bank FD rates is unlikely to shift funds from the Colombo bourse in a hurry.
